Balance Sheet AnalysisComplete the balance sheet and sales information in the table that follows for J. White Industries using the following financial data:Total assets turnover: 2.9Gross profit margin on sales: (Sales – Cost of goods sold)/Sales = 26% Total liabilities-to-assets ratio: 45%Quick ratio: 1.25 Days sales outstanding (based on 365-day year): 35.5 days Inventory turnover ratio: 6.0Round your answers to the nearest whole dollar.Partial Income StatementInformationSales$ Cost of goods sold$ Balance SheetCash$ Accounts payable$ Accounts receivable$ Long-term debt$ 50,000Inventories$ Common stock$ Fixed assets$ Retained earnings$ 100,000Total assets$ 400,000Total liabilities and equity$

Efficiency ratio: Bummel and Strand Corp. has a gross profit margin of 33.7 percent, Sales of $47,112,365, and inventories of $14,595,435.  What is its inventory turnover ratio?

UST Enterprise has 3 items in its current assets section of the balance sheet; cash, AR and inventory. Given is the following information: Credit sales                  75% of total sales                   Quick ratio                                 1.25:1 Inventory turnover                                5x                    Average collection period         42 days Working capital                      P1,120,000                    Working days                              360 Current ratio                                        2:1   What is the amount of inventory?

j.Quick ratio is ____________ times. k.Inventory turnover is ________ times. l.Average collection period is RM__________ days.

Please do not give image format and explanation

You are given the following information for Smashville, Inc. Cost of goods sold: Investment income: Net sales: Operating expense: Interest expense: Dividends: Tax rate: Current liabilities: Cash: Long-term debt: Other assets: Fixed assets: Other liabilities: Investments: Operating assets: Gross margin Operating margin Return on assets Return on equity $174,000 $ 1,400 $379,000 $ 86,000 $ 7,400 8,000 $ % % % % 40% $ 21,000 $ 21,000 $ 46,000 $ 38,000 $130,000 Calculate the gross margin, the operating margin, return on assets, and return on equity. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) $ 3,000 $ 34,000 $ 64,000

A-6

Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for J. White Industries using the following financial data: Total assets turnover: 1.6 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 30% Total liabilities-to-assets ratio: 35% Quick ratio: 1.20 Days' sales outstanding (based on 365-day year): 36.5 days Inventory turnover ratio: 3.25 Do not round intermediate calculations. Round your answers to the nearest whole dollar. Partial Income Statement Information Sales Cost of goods sold $ 640,000 448,000 Balance Sheet Assets Cash Accounts payable Liabilities and Equity $ 90,000 Accounts receivable 64,000 Long-term debt 50,000 Inventories Common stock Fixed assets Retained earnings 100,000 Total assets $ 400,000 Total liabilities and equity $

From the below ratios provide a brief explanation about the profitability of Snick’s board shop. 5.1 Profitability ratios:      -  Return on assets  0.10 cents -  Return on equity  0.71 cents -  Profit margin  0.21 cents -  Gross margin  54.29 %